Hello all, new to the boards here, I have a question re my IRA and tax penalty - did a 50K draw (60 day rollover) from my IRA (Traditional) to cover some credit card debt and medical bills and had planned to redeposi...
So 270k baseline in 2000 condo . Rented in year 20 (2021 ) @2350 mo-
I have what account calls "saved" credits on depreciation of 50-75k due to income exceeding 150k annual .
I /(accountant) depreciated my $270,000 ...
It constantly amazes me how little I know about real estate investing. Every year I hear about investors doing creative things to avoid taxes that never would have occurred to me. Eddie Speed traveled to Austin to pr...
Hello,
I just did a cash back refi on property A. Property A is held in an LLC and has an associated biz checking account. The bank put the cash back straight into that account. Now I am needing most of that...
Say someone wants to sell off some SFR properties they currently own (individually) and take the proceeds as a 1031 Exchange and invest into a LLC that is going to invest in single family real estate. Under what circ...
Hi Bigger Pockets,I've seen bits and pieces of information about this in various places, but I'd like to ask people who have actually gone through this procedure.I anticipate my rental properties will accumulate about...
I am evaluating the best methods to invest in syndications, wondering if there are any tips / pointers.A single member LLC, a Solo 401k (tax advantages) or any other type of investment entity and pros/cons?
Flipping channels, watched 5 minutes of JB’s first campaign rally. Says eliminate stepped up basis on capital gains to help lower cost of education.
Hi I have a question about 1031 exchange. I am an part owner of LLC the owns a commercial property. My partner who is majority owner wants to sell the property and buy another one. But he wants to be 100% owner of ...
Hi everyone! I wanted to lay out my situation to see if I would have to 1031 Exchange my property in order to avoid the taxes on the profit, or if I fall into the category where I've "lived there for 2 out of the last...